Fidelity offers exposure to Ethereum through various means. The Fidelity Ethereum Fund (FETH) is a spot Ether exchange-traded product (ETP) that allows investors to gain exposure to the price of Ether from almost any investment account. You can search for FETH on Fidelity.com and access its research page to place a trade. FETH has a competitive expense ratio, which was waived until a specific date.
Fidelity also allows you to invest in crypto assets directly through their platform. You can buy, sell, and hold cryptocurrencies, including Ethereum, in an account accessible on Fidelity.com and the Fidelity Investments app, alongside your traditional investments.
When you purchase crypto through Fidelity, you own the currency, but Fidelity stores it for you. You are not given the code or key to access your currency. When you sell, Fidelity sells it on the crypto market.
Fidelity is also exploring new access points to digital assets, including filing for an OnChain share class. This could potentially offer further ways to engage with the Ethereum blockchain through Fidelity in the future.
Key Takeaways:
- Fidelity offers the FETH ETP for exposure to Ethereum’s price.
- You can buy and sell Ethereum directly on Fidelity’s platform.
- Fidelity stores your crypto assets for you.
Considerations:
Before investing, consider the expense ratios, storage solutions, and potential risks associated with each option.
Further Research:
Visit Fidelity’s website for more information on FETH and their crypto offerings.
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